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3 Benefits of Captive Insurance

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Business owners know that they need to be insured against certain things, such as medical malpractice or product liability. An option that some business owners may not know about is captive insurance. It is an insurance company that is owned and operated by the insured. It has certain benefits that are not always available through traditional insurance companies.

1. Customization

One of the attractive features of captive insurance includes the ability to customize insurance coverage to fit the needs of the company. Trying to find an existing policy that has all the desired coverage options without having anything unnecessary added can be very difficult. Speak to someone who is experienced in captive consulting to figure out a personalized plan.

2. Extra Coverage                  

Sometimes a business might need extra protection from things that are not usually insured. Terrorism insurance and credit risk protection are not generally available in the commercial marketplace …